MSME

MSME

India Is Home To Over 1 Lakh startups: Piyush Goyal

Opportunity India Desk Sep 25, 2023 - 2 min read

The country has witnessed exponential growth from 450 startups in 2016 to over 1 lakh in 2023, making India the world's third-largest startup ecosystem, Union Minister of Commerce and Industry Piyush Goyal said in New Delhi. Highlighting the role of youth as the foundation for India's development in the ‘Amrit Kaal’, ...

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SIDBI To Offer MSME Loans Through Fintechs, Partners With DLAI

Opportunity India Desk Sep 25, 2023 - 2 min read

The Small Industries Development Bank of India (SIDBI) has signed an agreement with the Digital Lenders Association of India (DLAI) to propel the growth of the fintech sector in the country. The agreement calls for cooperation with SIDBI to create standard protocols to hasten the implementation of digital lending partnerships, such ...

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Impact of Economic Downturns on Startup Financing: Lessons from Past and Strategies for Future

Opportunity India Desk Sep 22, 2023 - 5 min read

Startup financing is a tricky business, even in the best of times. Economic downturns can compound the difficulty, making access to capital hard and leading to questions about the sustainability of the startup ecosystem. When businesses experience economic downturns, one of the sectors that suffers most is startup financing. During recessionary times, venture ...

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Axis Bank’s ‘NEO For Business’ Offers Beyond Banking Solutions To MSMEs

Opportunity India Desk Sep 22, 2023 - 2 min read

Axis Bank has launched its 'NEO for Business' banking platform for the micro, small, and medium enterprises (MSMEs). It is an all-in-one platform for banking & beyond banking business needs of MSME customers. The service aims at providing a hassle-free business banking experience by combining features from banking to invoicing, bulk payments, payment ...

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Amazon Business to offer instant credit to MSMEs

Opportunity India Desk Sep 22, 2023 - 3 min read

Amazon Business has announced its integration with instant credit service 'Amazon pay later' for easy credit facility to eligible businesses customers. The move will provide assistance to the customers with efficient online procurement of goods. Amazon Business is a B2B retail service platform that successfully completed six years in the country. The service provider had ...

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UP Int’l Trade Show Begins, To Showcase State’s Craft

Opportunity India Desk Sep 21, 2023 - 2 min read

Uttar Pradesh is a fast-growing economy in the country, President Droupadi Murmu said while inaugurating the first UP International Trade Show (UPITS) at the India Expo Mart in Greater Noida on Thursday. Uttar Pradesh Chief Minister Yogi Adityanath was also present at the event. “Uttar Pradesh is playing a significant role in strengthening the ...

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Ambit Finvest, Central Bank forge co-lending ties for MSMEs

Opportunity India Desk Sep 21, 2023 - 1 min read

Ambit Group’s non-banking financial company (NBFC) Ambit Finvest has forged a co-lending tie-up with the Central Bank of India to provide loans to micro, small, and medium enterprises. Sanjay Agarwal, CEO, Ambit Finvest expressed his enthusiasm by stating, “We are delighted to join hands with the Central Bank of India to ...

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MSMEs Perform Better Post E-Commerce Integration

Opportunity India Desk Sep 20, 2023 - 6 min read

Unable to effectively utilize digital technologies due to a lack of knowledge is the key factor that refrains many of India’s micro, small, and medium enterprises (MSMEs) from using e-commerce platforms, says a recent survey conducted by the Indian Council for Research on International Economic Relations (ICRIER). E-commerce platforms have immense ...

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PM Vishwakarma Scheme Will Open New Horizons Of Growth For Artisans And Craftsmen

Opportunity India Desk Sep 18, 2023 - 6 min read

Prime Minister Narendra Modi has launched the 'PM Vishwakarma' scheme to support the artisans and craftspeople and bring their workforce into the mainstream. The scheme will initially cover artisans and craftsmen involved in 18 traditional trades, including Carpenters, Boat Makers, Armourers, Blacksmiths, Hammer and Toolkit Makers, Stone Carvers, Goldsmiths, Potters and others. The ...

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West Bengal MSMEs Get A Boost With Govt’s Loan Guarantee, Other Schemes

Opportunity India Desk Sep 15, 2023 - 3 min read

The West Bengal government is creating an enabling ecosystem for micro, small, and medium enterprises (MSMEs) by providing incentives like subsidies, tax breaks, and guarantees for loans, an official said. Rajesh Pandey, Principal Secretary, MSME and textile, West Bengal, said that the MSME landscape in the state is growing rapidly.

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